CIH supports suspension of Right to Buy

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CIH is supporting the suspension of Right to Buy, citing the government’s own figures as to why.

Released today (Sept 13), those MHCLG figures show:

2,452 homes were sold by councils in England under right to buy during April to June 2018, while 837 were started or acquired to replace them using receipts from the scheme

Since Right to Buy discounts were increased in April 2012, 69,467 homes have been sold while only 18,958 have been started or acquired to replace them

CIH head of policy Melanie Rees said: “Not only are we failing to build enough new homes for social rent, we are losing them at a time when we need them more than ever.

“Our analysis shows that we lost more than 150,000 social rented homes between 2012 and 2017 due to right to buy and other factors, and that figure will reach 230,000 by 2020 unless we take action now.

“We support the principle of helping tenants move into home ownership, but it cannot be at the expense of other people in need. We need to look at fairer ways to help tenants into home ownership, because this is clearly not the way to do it,” said Rees.

“We know that the government is consulting on ways to make it easier for councils to replace the homes they sell under right to buy, which is welcome. But we still believe ministers should suspend the scheme to stem the loss of social rented homes and look at more effective ways to help people access home ownership,” she said.

Yesterday (Sept 12), 24housing reported former housing minister Emma Reynolds saying Right to Buy should be suspended until all homes sold off so far are replaced.